Final answer:
The socioeconomic view of corporate social responsibility includes a duty to society beyond profit-making, thus the statement that corporates should focus only on profits is false.
Step-by-step explanation:
The socioeconomic view of corporate social responsibility is that corporations have a responsibility to society that goes beyond making profits. Thus, the statement that corporates should solely focus on making profits is false according to the socioeconomic perspective. Instead, this view suggests that businesses should also consider the impact of their actions on society and work towards making positive contributions to the welfare of society, not just to their shareholders. This is in contrast to the views of economists like Milton Friedman, who argued that the social responsibility of business is primarily to increase its profits.